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Thursday, July 15, 2021

Govt plans 4,000 MW 'power bank' to push domestic industry

The government plans to set up a ‘power bank’ of 4,000 MW (mega watt) battery storage for grid operators and discoms, indicating an innovative approach towards promoting renewable energy and encouraging domestic manufacturing in the sunrise sector.

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US Federal Reserve meet today: Kevin Warsh-led FOMC keeps interest rates unchanged

The US Federal Reserve, which began its two-day policy meeting on Tuesday, was widely expected to leave its benchmark interest rate unchange...